Unclaimed Property

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The Kentucky State Treasurer administers Kentucky’s Unclaimed Property Fund. Unclaimed property generally consists of payroll checks, unclaimed safety deposit boxes, old life insurance policies, stocks, or vendor checks that have remained unclaimed by their owners after several years. After a period of time, usually 3 years, banks and other financial institutions turn over the unclaimed property to the Kentucky State Treasury. People can search for unclaimed property for deceased loved ones through the existing database to discover if they have any unclaimed assets or funds. The Unclaimed Property fund contains assets with a total value of nearly half a billion dollars. Those are assets are owned by Kentucky residents and Kentucky local government agencies.